The Presidency – Page 94 – The Wrongologist

Sunday Cartoon Blogging – August 14, 2016

Apparently, President Obama makes a playlist every year for his summer fun time on Martha’s Vineyard. Playlists by politicians are common, and usually are big nothingburgers. Obama has a “Day” playlist and a “Night” list. This year, The Atlantic approves of Mr. Obama’s night playlist, and thinks the day list is a snooze. Guess critics gotta criticize.

Make up your own mind: here is the Obama “Night” playlist.

It was a big week in manufactured news. Trump dominates, but Politico speaks about the Trump campaign thusly: (emphasis by the Wrongologist)

What’s bothering people on the [Trump] campaign is that they feel like they’re doing all the right things, but they’re losing every news cycle to Hillary and there’s nothing they can do about it.

It’s doubtful that Clinton has won a news cycle since the convention, but what the Trump campaign is trying to say is that Clinton doesn’t need to win a news cycle as long as Trump “misspeaks” every day. From Karoli Kuns at C&L: (brackets by the Wrongologist)

I think that’s precious, don’t you? Considering that Trump dominates the news for every cycle with his intentional demonization of President Barack Obama and [his] opponent, Hillary Clinton, it’s hard to imagine Republicans wringing their tiny little hands over losing news cycles to her.

Ok, the GOP should keep explaining Trump’s gaffes until America is tired of all the winning.

On to cartoons. Simone Biles gave us a feel-good moment:

COW Americas Great Again

This is the one Burka that Trump likes:

COW Tax Returns

With all of the “resets” and “mansplaining”, the GOP could lose its balance:

COW Balance Beam

This is as understandable as any other explanation by Monsieur big mouth:

COW Trump Backs Up

Trump’s new tax policy is same old, same old. It’s a reconstitution of the standard Republican trickle-down economics that benefits big corporations and a wealthy few:

COW Trump Tax Plan

Words Have Meaning

This captures where we are:

COW Hill's Threats

People are debating whether Donald Trump suggested violence against Hillary with his comment about how “the Second Amendment People” might be the only group capable of stopping Hillary Clinton from appointing liberal judges if she is elected president.

The Trump comment was in the context of what happens after Hillary is elected, and that there was nothing anyone could do about Hillary appointing Justices, except for…Second Amendment people.

He said, “If [Hillary Clinton] gets to pick her judges, nothing you can do, folks.” There’s “nothing you can do” in this situation because Trump is talking about a time after the 2016 election is over, and Clinton is president.

If he wasn’t talking about after the election, why would he say there was “nothing you can do?” During the election, there’s something pretty obvious you can do: Get out the vote and prevent her from becoming president in the first place.

Then Trump immediately follows it up by saying, “But I tell you what, that’ll be a horrible day.” Again, this suggests the time frame he’s talking about is when she’s already in the White House. Otherwise, both the “horrible day” comment and the “nothing you can do” comment that bookend his Second Amendment remark are total non-sequiturs.

So no, this isn’t about the NRA organizing their members to get out the vote. His comments were about doing something AFTER the election. Why would it be a “horrible day” if all he was talking about was getting out the vote, his vote? It is totally illogical.

There is no ambiguity here.

This seemed to Wrongo to be another effort at a joke by the Pant Load. The WaPo reported that Paul Ryan said:

It sounds like just a joke gone bad. I hope he clears it up very quickly. You should never joke about something like that.

It’s highly unusual for the Wrongologist to agree with Paul Ryan, but that’s probably the best defense for Trump’s words. But when faced with an outcry after his controversial comments, Trump never admits error and never backs down — no matter how strained the defense.

Why should this time be any different?

Trump knew exactly what he was doing, and he did so in the same manner he has been using throughout the campaign. A suggestion, an inference, a little birdie told him, it is what people are saying. The dog whistle, the wink, the nod. Some ambiguity to the comment, delivered in a veil of coyness.

Maybe we should remember the very bright line that Sarah Palin crossed a few years ago when she took out an ad that deliberately placed Gabby Giffords in crosshairs, just before Giffords was shot and critically wounded by a gunman. This is different, but really, how different is it?

On ABC’s Good Morning America, Rudy Giuliani gave Trump’s words the real test: How did they play with Trump’s audience? Getting Hillary couldn’t be what Trump meant, Rudy observed, because if Trump had actually called for Hillary to be killed, the crowd would have gone wild.

Imagine being Giuliani: So invested in Trump’s campaign that you’re contorting yourself into a pretzel to translate the candidate’s Wingbat-ese into English.

And once again, defending the indefensible.

Words matter, especially when delivered by someone who aspires to be POTUS.

Sunday Cartoon Blogging – August 7, 2016

At a rally in Virginia, Trump said:

The [economic] numbers are getting worse and worse all the time.

He was saying that he thinks the economy is going to tank, and that he hopes he will benefit politically. It’s clear that if his assertion were true it would help him, but, it’s not:

The BLS reported Friday that nonfarm payrolls rose by a seasonally adjusted 255,000 in July. Revisions showed US employers added 18,000 more jobs in May and June than previously estimated. The unemployment rate was unchanged at 4.9% in July.

In any case, it’s good to know that the Pant Load is rooting for an economic downturn to happen in the next 90 days, so he can personally benefit. Seems like his normal mode of operation.

Sorry Donny, the American economy has now experienced 77 months of consecutive private sector job growth. He’s wrong, but OTOH, it is a very uneven recovery.

On to cartoons. The Rio Olympics dominated Trump’s efforts to command the news cycle this week.

Brazil put its Christ on the Hill statue in an appropriate garb for the Games:

COW Haz Mat

Concerns about Rio’s water reminds us that Congress didn’t appropriate any money for Flint:

COW Olympics Water

Many athletes pulled out due to the Zika virus when the solution was Trump-simple:

COW Citronella

Being in Rio gives athletes a respite from the news at home:

COW Making the Olympics

The ceremonial dumpster lighting kicked off our presidential Olympics:

COW Donnie Dumpster

In other news, voting rights won a few fights:

COW Vote Supression roll back

Election Myths and Realities – Pant Load Edition

Ian Welsh lays out a probable narrative that the Pant Load will use if he loses:

Republican leaders and billionaires turned on him when he could have won, flocking to Clinton, and there was voter fraud.

Trump Channels George Costanza

The underlying personality trait of George Costanza is that he’s a liar. He doesn’t try to hide it, he wears it as a badge of honor, and he takes great pride in his dishonesty. Here, in George’s own words:

Those who read the Wrongologist in email can view the video here.

The Donald is the second coming of George Costanza. With all his lying, Prima Donald didn’t have a great Monday. From the Daily Beast:

Monday was an incredible day of falsehoods for the GOP nominee.

The DB goes on to list and rebut a series of lies that Trumpy put out at a few campaign stops and on a pre-recorded piece for Sean Hannity of Fox News. Read the whole list here. In addition, Prima Donald:

Continued to attack against Khizr Khan.
For the second time in two days, Trump attacked a fire marshal at a press conference for having the temerity to not allow him to violate maximum occupancy regulations.
Reacted to the NYT’s investigation of his draft-dodging.
Preemptively declared that the presidential election is rigged.
Announced unimpressive funds raising numbers. (He’s raised $35 million, which he said is “unheard of for Republicans, $35.8 million”. Actually, Mitt raised $101 million in July 2012.)
Declared that if women, even his daughter, were victims of sexual harassment, they should just quit (perhaps overlooking that not every woman can just get another job within their father’s empire)
Praised Paul Ryan’s primary challenger, while Paul Ryan is (1) basically the leader of his party and (2) standing by his endorsement of Trump.

These are just a few of his recent whoppers. Why is he like this? He’s a man whose mentality is completely focused on closing deals. He, like many senior business leaders, sees everything as a transaction.

Wrongo has a lifetime of big business experience with dozens of people like Trump, people who identify with the deal. The deal validates who they are. They wine, dine, flatter, intimidate, abuse psychologically; the closer does whatever it takes to get the signature on the bottom line.

Then the closer walks away, and is on to the next deal, repeating the process. If shit happens after the close, there are designated handlers who are tasked with fixing it, it’s not the closer’s job. Whatever was said or done to close the last deal is irrelevant to the next one. The closer is walled off from the last deal, and the sole focus is validating his/her worth by closing the next one. There is no feeling of remorse for prior actions, no blow-back penetrates the wall.

For Trump, the idea that people would hold his bullying and insults against him must be surprising. That is why he fights back so angrily when caught up short.

Turning his personality to the political arena, Trump above all thrives on winning. He needs to be able to point to victories and yell: I WON! I WON! I WON!

Between the end of the Conventions and Election Day, it’s beginning to look like there aren’t going to be a lot of well-defined victory moments for Prima Donald.

Three months is a long time for a thin-skinned addict to go without his fix.

This is his temperament. It should disqualify him.

Capitalism, It’s Not You, It’s Me

There is a meme that has gone global since the early days of the Occupy movement. Here it is as a wall graffiti from Greece that uses the same meme we first saw in NYC in 2011:

Capitalism Lotek

Just kidding capitalism, it really is you.

The artist is a Greek who styles himself as Lotek. The name Lotek is derived from the short story (and later, a film) by William Gibson called Johnny Mnemonic. The story is set in 2021, in a world ruled by corporations. An anti-authoritarian gang that are called Lo-Teks, fight the power. They are in fact not low tech at all, but are high tech hackers. Sound familiar?

Greece is surely a place at war with neoliberalism and free market capitalism. So is it also time for us to reconsider capitalism?

Consider this from Mark Blyth in Foreign Affairs:

An inherent tension exists between capitalism and democratic politics since capitalism allocates resources through markets, whereas democracy allocates power through voting.

The compromises both systems have struck with each other over recent history shapes our contemporary political and economic world. Blyth observes:

In the three decades that followed World War II, democracy set the rules, taming markets with the establishment of protective labor laws, restrictive financial regulations, and expanded welfare systems.
Starting in the 1970s, a globalized, deregulated capitalism, unconstrained by national borders, began to push back.

And today, capital markets and capitalists are setting the rules, and democratic governments follow them.

Some background: Cutting taxes in the 1980s caused government revenues to fall. Deficits widened, and interest rates rose as those deficits became harder to finance. At the same time, conservative governments, especially in the UK and the US, dismantled the regulations that had reined in the excesses of the financial service industry since the 1940s.

The financial industry began to grow unchecked, and as it expanded, investors sought safe assets that were highly liquid and provided good returns: the debt of developed countries.

This allowed governments to plug their deficits and spend more, all without raising taxes.

But the shift to financing the state through debt came at a cost. Since WW II, taxes on labor and capital had provided the foundation of postwar state spending. But, as governments began to rely more on debt, the tax-based states of the postwar era became the debt-based states of today.

This transformation had profound political consequences. The increase in government debt has allowed capitalists to override the preferences of citizens:

Bond-market investors can now exercise an effective veto on policies they don’t like by demanding higher interest rates when they replace old debt with new debt.
Investors can use courts to override the ability of states to default on their debts, as happened recently in Argentina
They can shut down an entire country’s payment system if that country votes against the interests of creditors, as happened in Greece in 2015.
Citizens United dictates who runs for office in the US, and in many cases, who wins.

Now that the financial industry has become more powerful than the people, should we blindly follow capitalism’s meme as the only way forward?

Free-market rhetoric hides the dependence of corporate profits on conditions provided for, and guaranteed by, governments. For example:

Our financial institutions insist that they should be free of meddlesome regulations while they depend on continuing access to cheap credit from the Federal Reserve.
Our pharmaceutical firms have resisted any government limits on their price-setting ability at the same time that they rely on government grants of monopolies through our patent system.

To use a sporting metaphor, it’s as if the best football team purchased not only the best coaches and facilities, but also bought the referees and the journalists as well. Those responsible for judging economic competition have lost all authority, which leaves the dream of ‘meritocracy’ or a ‘level playing field’ in tatters.

In our country, the divide between the business oligarchs, the political class and “the people” increasingly appears unbridgeable, marked by hostility and deep distrust. When people are told for a generation that government mustn’t make decisions that interfere with free markets, it is inevitable that people will lose faith in democratic governance, and in government’s capacity to help them solve their problems.

Capitalism in its current form no longer works for the people. We have seen a reaction in the start of movements by Occupy, by Bernie, and by others in Europe.

Remember that the greatest prosperity in living memory in the US came during the brief social democratic moment, in the 1950s and 1960s, when the constraints on business were the greatest.

More democracy and more economic justice are the necessary foundations for the path to a more prosperous, and sustainable economy.

A reformed capitalism must be a part of what emerges from that fight.

“Read the Constitution” – A Trump Wake Up Call

By now, most have seen the short speech that packed a wallop by Khizr Khan at the Democratic National Convention in Philadelphia. The speech by Mr. Khan was one of the most difficult/beautiful/gut wrenching 15 minutes of this long campaign season.

When Khan pulled his copy of the Constitution out of his pocket and waved it at Donald Trump, it was only a matter of time before the Pant Load responded. You can count on the Donald. Trump said:

If you look at his wife, she was standing there…She had nothing to say. She probably, maybe, she wasn’t allowed to have anything to say. You tell me.

Khan shot back on CNN’s”State of the Union” :

For this candidate for presidency to not be aware of the respect of a Gold Star mother standing there, and he had to take that shot at her, this is height of ignorance…

Trump then went on to say that he had made a lot of sacrifices by, ya know, hiring people and stuff. That led to a twitter storm carried on the hashtag: #TrumpSacrifices. While there are many funny tweets, Paul Begala, CNN commentator and advisor to a pro-Clinton Super PAC, wrote:

Once survived an entire weekend at Mar-a-Lago with just one can of hairspray.

Or this, Wrongo’s favorite:

Rob Woodyard tweet

OMG, THAT’s what Trump wants to get out of this: He wants to be Kevin Spacey with a comb-over!

Thank you, Khizr Khan for reminding our country that we are founded on what should be a sacred document that lays out how we should live in a society based on justice. And thanks for the sacrifice of your son Humayun, lost while taking part in an ill-advised war:

Humayun Khan

Donald Trump needs a wake-up call for his shocking lack of knowledge of the US Constitution. Let’s start with a list from the WaPo that shows Trump doesn’t know the Constitution:

He wants to “loosen” libel laws, so he could more easily sue news organizations who write “nasty” articles about him. There are centuries of First Amendment jurisprudence that would restrict his ability to do this.
He’s said he would push military commanders to go further than water boarding, even though it has been banned by federal law.
Many scholars believe Trump’s proposed ban on Muslims would be struck down as unconstitutional (due process, equal protection, religious freedom, etc.).
He insisted on “Meet the Press” earlier this year that the 14th Amendment does not guarantee birthright citizenship.
His attacks on Judge Gonzalo Curiel over his Mexican heritage show his lack of respect for an independent judiciary.
Trump has at times suggested that he might somehow be able to initiate the prosecution of Hillary Clinton over her emails if he’s elected. In March, asked about the kind of Justice he’d name to the Supreme Court, he said he’d:

Probably appoint people that would look very seriously at [Clinton’s] email disaster because it’s criminal activity.

A signal he doesn’t understand the role of each branch.

To help wake up the Donald, here is a hip hop tune about the Constitution by Smart Songs, an organization that provides kids and teachers with positive, educational hip hop, to help make learning fun. We chose this because Trump needs to start with an elementary education about the US Constitution, and work up from there:

For those who read the Wrongologist in email, you can view the video here.

The Pant Suit vs. The Pant Load – Budget Edition

Now that both presidential conventions are history, the real discussion about the merits of the candidates and their programs begins. The first question to answer is: What are the costs of the promises made to America by Donald Trump and Hillary Clinton?

Both candidates have made political promises that, if implemented, have both costs and benefits to the nation. While the analysis of benefits may be difficult to assess, the costs are not.

The Committee for a Responsible Budget (CRB) has issued a report, “Promises and Price Tags: A Fiscal Guide to the 2016 Election” that estimates how our national debt would rise under the programs of both presidential aspirants. It shows that gross debt held by the public would rise from about $19 trillion today to $23.9 trillion by 2026 under Hillary Clinton’s plan and to $35.2 trillion under Donald Trump’s plan.

They based the estimates on the public positions taken by each campaign as of June 24, 2016. They also generated a low, central, and high cost estimate of the fiscal implications of Trump’s and Clinton’s proposals.

We need to stop and say that our gross debt will rise no matter who is elected, since under existing law, gross debt is projected to rise from about $19 trillion today to about $29.1 trillion by 2026, about a 50% increase. With that in mind, here is CRB’s summary of the impacts of both candidate’s plans on the national debt:

Debt Under Candidates Proposals

Donald Trump has expressed concern about the dangers of our current $19 trillion debt. Yet his plan would increase that number significantly. Under CRB’s central estimate of Trump’s plan, gross debt would more than double from $19 trillion today to $39.5 trillion by 2026.

The increase in gross debt under Clinton’s plan would be smaller but still significant. Under the central estimate of Clinton’s plan, gross debt would rise by more than 50%, from $19 trillion today to $29.6 trillion by 2026, in line with the current law. So, her promise to pay for new spending seems to be true.

Digging a little deeper, here is CRB’s breakdown of both candidates’ plans by revenue, costs and spending. Most of Hillary Clinton’s increased costs come from spending in non-health, non-retirement programs:

She would spend $350 billion more on college education, $300 billion more on infrastructure, another $300 billion on paid family leave, and nearly $500 billion on a variety of other initiatives.
Clinton would also make several health-related changes that would cost about $150 billion.
To offset these costs, Clinton proposes a variety of tax increases – mostly on higher earners and businesses – totaling $1.25 trillion.

The largest share of Trump’s deficit impact comes from his proposed individual and business tax reforms, which would reduce revenue by about $9.25 trillion:

His plan to reform the veteran’s affairs system and increase veterans’ access to private doctors would cost about $500 billion.
And his plans to repeal and replace the Affordable Care Act and reduce illegal immigration would cost about $50 billion each.

So, what happens to the total amount of our national debt?

Donald Trump wants to dramatically reduce taxes for most Americans while maintaining spending relatively near its current levels. As a result, under CRB’s central estimate, he would add $11.5 trillion to the debt through 2026.

Hillary Clinton wants to increase both spending and taxes, adding about $250 billion to the debt over 10 years under CRB’s central estimate. Under their low cost estimate, Clinton’s plan would reduce 10-year deficits by $150 billion.

Increases in debt are not always a bad thing, particularly in times of economic slack, if the debt accumulation is driven by stimulative fiscal policy. But a 40 percentage point of debt to GDP increase, from 87% of GDP to 127% of GDP, seems unlikely to give us a positive outcome.

But, if we elect The Pant Load, that’s what we will get. Trump said to the WaPo in May:

I am the king of debt. I do love debt. I love debt. I love playing with it.

This should worry you. Trump went on to say:

Look, I have borrowed, knowing that you can pay back with discounts. And I have done very well…I would borrow, knowing that if the economy crashed, you could make a deal, and if the economy was good, it was good, so, therefore, you can’t lose.

So, Trump would stiff the nation’s creditors. Haven’t we had enough of Republican mis-leadership on the nation’s finances?

Haven’t we had enough of Republican tax cuts for the most comfortable among us at a cost to the least comfortable among us?

Remember that it was the GOP-led Congress that threatened not to raise the debt ceiling in 2011. That led to the Standard & Poors rating agency’s lowering of the US credit rating.

Think carefully about what Trump’s glib plans imply for America.

Obama’s Convention Speech

The President gave a great speech last night. And it was a clutch performance. For our non-ESPN readers, “clutch” means a top performance when the stakes are high. It was a summation of his time as president, and the presentation of a vision which is left for his successor to achieve. From Nancy LeTourneau:

The expectations were high for President Obama’s speech last night at the Democratic Convention. He had several tasks to accomplish. First of all, he needed to remind us of what we’ve accomplished over the last eight years.

And Obama said:

A lot’s happened over the years. And while this nation has been tested by war and recession and all manner of challenge – I stand before you again tonight, after almost two terms as your President, to tell you I am even more optimistic about the future of America. How could I not be – after all we’ve achieved together?

The Wrongologist

Geopolitics, Power and Political Economy

Category: The Presidency